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toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by half. interesting that they are cutting a big chunk of that group. global consumer banking is responsible for 35% of the cuts and then going on through the other business lines like citi holdings, those are responsible for smaller portion of those jobs. citi getting smaller. a billion dollars going to be the pretax charge in the fourth quarter of next year. 11,000 jobs a big move from the new ceo over there. carl? >> all right. thank you very much, kayla. we're reading through the release right now ourselves. big strategic move. >> how many people work at this bank? i feel like they've been firing forever. citi did no
to massachusetts. also got the houston mayor to tell us how her city is preparing for a strike. futures still a little jittery here this morning. dow down 86. "squawk on the street" back in a minute. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> instagram users may have made good on their threat to dump the photo sharing app after the controversy over new privacy rules, according to app data in the "new york post." app data says that instagram may have shed almost 25% of its daily active users as a res
of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and psonal attention. which is why we arare proud to parer with healh care professionals who understand the difference that quality time with our members can me... that's a very nice cake! ohh! [ giggles [ le announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals w helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... whh means better health outcomes... and more quality t time to she with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ lou: treasury secretary today said t
this morning, the kansas city fed survey. the lead story in the journal today is a 6.9% rise in house prices so far this year. since january. and some people are saying after some false starts, residential has concerned. >> well, you're right. >> you can have some recovery, some have firmness in housing prices, but it's going to drive the recovery on the back of housing. that's not going to happen. >> and people are choosing who to hook up with. i couldn't tell whether that spoke to you or whether you thought it was odd. you thought it was a pretty good idea, i think. you don't want to go out with someone who has a 200, do you? >> do you think eharmony should add a little line, what is your credit score? >> what is your credit score. >> and people are dating now on -- >> can you trust someone who you give your attentions to and eventually give your heart to that doesn't pay your bills? would you? it makes sense to me, doesn't it? >> i don't know about that. >> you could stay with the person, too. >> change them? >> wasn't that the problem when you're -- you don't want a lasting relationship wit
, the and the time constraint, constraints that would be imposed on their city officials. >> it's true. you know what? a lot of ignorance on our side about this. for example, people say you can't have a nativity scene on public property. i was told that by the city of new york education department. you need to sue me. while you're at it sue the new york city parks department. on 11 blocks from here 59th and 5th, life-size nativity scene on public property not surrounded by secular symbols that is entirely legal. if i put it on the grounds of city hall that gives a certain governmental endorsement. i reect that endorsement. this is ope to artists, musicians, cat licks, protestants and jews. they have the biggest menorah in the world. good for jews. atheists have on about lying to us. don't believe their nonsensers you cleaned that up. bill donahue, thank you very much. >> okay. lou: great to see you. have a very merry christmas. >> thank you, lou. lou: farmers unite, chickens prevail. epa pressured to back down from horribly abusive is plan to regulate a west virgina chicken farmer. why is that import
yet. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smar
housing data out tod home prices rose 4.3% in the 12 months ending in october in a 20-city composite, beating analysts' forecasts. it did appear as 12 of the 20 cities in both composites posted monthly declines in october. david blitzer will join us in just a few minutes to go over this data. bottom line here, better than expected. maybe this is enough to keep this sector going. a very strong sector in consumer discretionary overall. home builders have really been a double in 2012. >> it wasn't until the second half of this word that you started hearing the words housing and gdp growth in the same sentence. perhaps the most significant part of the economy for so much of the early parts of the 2000s. we'll see. they do call it a sustained recovery. that is, s&p-case schiller, and the recovery continues to gather strength. >> the best performing sector, though, financials. >> financials, yeah. >> 26% on financials. utilities the only one lower for the year. nine out of ten s&p sectors higher. that doesn't happen a whole lot. >> no. >> when we come back, christmas day may be over, but w
@cnbc.com. coming up, the outlook for health care in 2013. here's a hint -- think taxes. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> time to prep your portfolio. bertha coombs with what's in stoke for the health care sector in 2013. >> reporter: the rollout of bicycle care will weigh heavily on health care services, medical devices, and health insurers. hospital stocks the best performers in the health care sector in 2012, likely to be volatile and vulnerable in 2013. new medicare rules peg reimbursement rates more to outcomes rather than just the number of procedures. for insurers, 2013 will bring more m&a to diversified business as u.s. profit margins are kweezed by regulation and competition -- squeezed by regulation and competition. the acquisition of brazil
an apartment, it was not that valuable. >> it's not practical for a new york city dweller, for instance. >> when you get houses, you see the mexican properties? i'm saying they're going up there. >> oh, really? >> yeah. if anybody wants one. >> available for weekend rental. >> semiautomatic weapon included. >> somebody stole it from me, he thought i was going to stop there, and let hem get away with it, and that's not really my style. >> would you kidnap jim cramer, david? i'm not sure. >> no. >> it would end there. >> it never ends. >> if the guy had done nothing, i would have said fib. but i found him -- no one has seen "taken 2." >> how could you not? what a great franchise. >> i know. >> she's been taken. >> really bad luck. >> when we come back, apple tv, microsoft surface tablets, we'll bring you the latest development regarding both of those. more from the deal book conference in manhattan, including an exclusive with lloyd feinstein. 11:00 a.m. eastern time. hanging on to gains. at the nyse, when we return. can i help you? i heard you guys can ship ground for less than the ups s
: investors taking a shine in a big way in solar city, about blinding. the stock rallied, double digits, up 47% up on the first day of trading after a rocky road. they delayed the ipo and chopped the offering price. what got investors excited? really finally fairly priced? a lot of ipos get greedy. we sit down with the chairman, the ceo and co-founder. david: talking about facebook? liz: not really. david: battle over the cliff on capitol hill continues, boehner set to meet with president obama within an hour. we are there on capitol hill with the latest developments. liz: shopping bags, retail sales rebounded, but not every retailer was seeing green. breaking down the names that really won that should be, perhaps, on your portfolio shopping list. make money here. stay with us. ♪ [ male announcer ] this isteve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like
chickens in the two, three, four tier cities. they're equal to chicago, right? >> yeah. 200 cities in china the size of chicago, in terms of population. >> and those are small. >> can you imagine the lines at starbucks there? a cappuccino machine goes down, it could shut down the whole city. >> my daughter was asking, how did there come to be so many people in china? >> 200 years ago, i guess, that's a long time -- >> the nation building? >> i didn't have an answer. >> discovery will do us -- >> fill me in. i need to brush up on my -- >> but david faber isn't ignorant. his hair looks better. china, here's the story. >> hair looks better. then china better. relative issue. >> it's a relative issue. thank you. very nice. >>> let's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futures market ahead of today's op
's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from overweight to equal weight. consumer deleveraging in their view coming to an end. and the more clarity on regulations. we are exiting this really weird period of uncertainty. rules come into focus. and if these consumer balance sheet numbers are right. next year could look different, jim. >> yes. there are a lot of assets -- look, a lot of bad loans that are becoming good loans. citi was always relatively opaque. i tried many, many times to penetrate citi holdings, which is the legacy of the core running it now. it may be good. i mean, pandit always promised me the money in holdings was money good. if you go to the book value of companies like morgan stanley, 9% of book -- i mean, in other words, what i'm saying is, xlf, look out. 14 to 16 from june to now. but it could go back to a much higher level. >> you wonder about the nominations to treasury, good time to get out of the business. righting the ship, moving on to something else? >> elizabeth arden, now senator-elect on the banking committee, has alw
five tallest christmas trees in the country. number five, the mayor's christmas tree in kansas city, missouri. 100 foot tall tree in the city. not bought but grown by the mayor himself. way to go. number four, the christmas tree at the grove in los angeles. they may not have a white christmas but they certainly have the spirit thanks to 110 foot white fir adorned with 10,000 lights and 15,000 decorations. number three the outlet mall in anthem, arizona. the 112-foot tree is decaded with two miles of lights and more than 3000 ornaments. took 14 workers to put up the tree probably weeks and weeks and weeks. number two the victoria village fern dale, california. 1557 foot tree. still growing. the fire department deck rates the spruce at the end. main street. number one tallest christmas tree in the country. the tree at coeur d' alene in idaho. gorgeous. makes it easier.eet tall. the star alone is 10 feet tall. the rockefeller tree in new york city is 9th tallest, onlyhe 9th at 74 feet and it is big. it is big. we'll be oh! blue! time! time out. i touched it. i touched the ball before
this morning, a company backed by millionaire elon muss sex going mub. we are talking about solar city, known for solar panels, musk, who is the company's chairman and ceo, lyndon life, will join us this hour. nship. together for your future. ♪ >>> google maps returned to apple's i phone and ipad. google maps replaced the default application with its own app but that was a target of widespread criticism. the google maps available as a download from apple's itunes store. so it is available as a download. i mean, does this change anything, jim? >> google is huge. >> yeah it s >> apple -- are we really trading on every little review now? oh, wow, google maps. there is a un -- really an unreality about these stocks. they should not trade on whether google maps is sudden lynn better than apple maps, should be trading on profits, earnings. google missed last time, apple missed twice. maybe apple doing better. we look at the review and say i got to take out some google. it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads,
city in the country, and that's madness. >> it is madness right now. i mean, dc, in this city, proven that gun bans don't decrease crime, but increase crime. gun bans, lou, make law-abiding citizens less armed and criminals armed who don't buy by the law. the guns criminals use don't get them at gun shows; they are illegal guns they use. lou: the idea that gun control is the solution, the response, and the fact chicago, the murder capital of the world, people are reagenting and not talking about why are we not protecting our young, our vulnerable in public schools. why not security? they could be volunteers, paid security officers. they could be police, law enforcement officers. why not that discussion? >> i don't like the response at all, but something like this happens, the media says what can we do to stop this right now? that's the natural, i thnk, instincts on the democratic side. i'm not for gun control, but what happened today was such a horrible -- >> don't we have to have a dialogue about it? >> exactly. what -- i don't think that just anyone should be able to go buy a gun wi
share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>> also, the national association for business economics growth in 2013 to come in at 2.1% after growing by 2.2% in 2012. that would continue the same tepid growth that the country has seen since the recession ended back in mid 2009. >>> and the nation is mourning the horrific event of friday in newtown, connecticut. president obama spoke last night about change. >> we can't kol rate this any more. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complex, and that is true. no single law, no set of laws can eliminate evil from the world or event every senseless act of violence in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on the president to lead the nation on the issue of gun control. >> it's time for the president, i think, to stand up and lead and tell this country what we should do. not go to congress and say, what you guys w
strong, kansas city southern and delta on fire. that stock is up 20% in the last few weeks and jetblue also doing well on top of that. deal of the week, of course, you know the new york stock exchange. maybe it's the deal of the month. 33.12 and ended a little bit before for that the nyc/i.c.e. deal and of course what we don't know is the name of the new company. let's hope it has nyse in it. >> thanks. we want to slip in on a quick break and get those numbers out for the fourth quarter. house getting set to vote on the proposal. daniels took his state from deficit to surplus his few year in washington. i'll ask him what washington has to do. today morse will making agawa becoming the most popular group and what one member thinks of the i.c.e. negotiation. back in a moment. . >>> welcome back. to hammer out a debt deal, they may want to take a page from indiana's playbook. the state has about $2 billion in cash reserves and an estimated half a billion surplus heading into the new year. outgoing governor mitch daniels knows all about balancing the budget. he served as director of the of
in new york city and so is our kayla. >> hi, sue. a slate of heavy hitters throughout the morning. and the day is only half way over. well tell you what they said about the fiscal cliff and innovation coming up after the break. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., r
. >> the city street sweepers didn't come often enough so he bought his own street sweeper and has one of his staff people take care of that frequently. it is a be bit extreme i know that but at some lel it has to register with his customers and pay him back in many, many ways, as i travel the world i love spotting examples of great customer service and hospitality, such as the coffee shop who writes, enjoy with whip cream on the top of a the bellman who goes to a neighboring hotel to find a foam pillow for me. the water dish for pets outside a bakery in our neighborhood. none of these is going to win a major business prize, but they do this: they separate themselves from the competition and give us a reason to keep coming back. i don't know what business you are in, but i know lots of other people speak and write like i do, am always looking for ways to offer something that others do not. ask your staff, ask your customers, what's our version of street sweeping? i'm lou heckler. >> finally tonight, the story we have to acknowledge, many of us with kids, grandkids, nieces and nephews here, su
for joining us. shibani: the city of chicago is number one and parking costs. giving chicago the most expensive parking meters in the country. downtown residents can look forward, starting tomorrow, to paying $6.50 for parking in 2013. up from the current rate of $5.75. back in 2008, former mayor richard daley agreed to release the parking meters to a private company. the city in turn received a billion dollars as part of the agreement. current mayor is investigating the deal, but, in the meantime, all meters will be set to the new rate to the end of february. get your quarters out. bring your dollar bills, i guess. ashley: take the bus. shibani: the midnight deadline is fast approaching. will there be a framework to avoid the fiscal cliff? ashley: up to the minute coverage from washington. guess what, republicans should just walk away now. oh, boy. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...yoll bust yourra
's up tonight? >> i have citi national. this is a boutique bank based in california making money for people. i have to find out. they have big business with the ports in california. they also are worried about the fiscal cliff. i have known russell for years. >> we'll see you tonight. >> thank you. >> 6:00 and 11:00 eastern time. the president meeting with governor this is morning about the fiscal cliff. two former governors will offer their perspective. plus, more on what bank of america's brian moynihan told becky this morning. more "squawk on the street" in just a moment. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some o
unionizing schemes unions doesn't call themselves unions anymore. in the case of new york city they launched a campaign to try to unionize the fast food restaurant. they didn't call it the fast food restaurant unsions, they called it fast food forward. at this point i think unions are finally realizing that their brand is so toxic that they actually need to start rebranding themselves because frankly they haven't been willing or capable to actually adjust to a 21st century economy. they are stuck in the 1950s, and they want 1950s policies to return, return to protectionism and a whole slew of other policies that will hurt our economy so at this point they are sort of like becoming, well, almost extinct. >> what about that? are you stuck in the 1950s? >> absolutely not, and i think maybe just season in a little bit of a delusional stage here because unions in fact are the key right now in this weak economy. it's what we need. >> key to putting people out of work? you just put 18,000 people out of work. >> i didn't interrupt you. the key to balancing the economy have tremendous inequality. you
and the wind. we will see issues in places like new york city, possibly as far south as raleigh. pretty easygoing. we'll be seeing the heavy rain in places like san francisco. oakland could have some backupes and perhaps some in portland and seattle. back to you guys. >> all right, reynolds wolf. got it. >> you know, you don't lose anybody if you go wolf reynolds. we have said that. >> reynolds, he also has carl. he wants him to be carl quinn. >> you do, really? >> you hear tr people who don't do it on purpose, though, reynolds. that's the thing. you're in on it. we're all in on this together. anyway, congratulations on still being here, reynolds, and maybe we'll see you next week. >>> coming up, why share of blackberry birmingham rim popped and dropped after the bell. i'm thinking also, becky, they will buy me an iphone here. now i'm thinking i go with this new thing, this new -- >> the blackberry 10? >> yeah. all i use it for -- i don't know how to do the stuff you're supposed to do, anyway. >>> plus, speaker boehner -- >> you can get your mail on your blackberry and your ipad. >> fai
york city police officers. i ran alongside -- might as well have been 1880. here we are talking about apple tv. at some point in technology, we got to even up the technology gap. >> thanks so much for being with us, brian. can you see brian's entire exclusive interview with tim cook on rock center, 10:00 p.m. eastern time on nbc. >> can't wait. >>> let's dig a little deeper with our all-star apple panel right now. apple supply chain expert brian blair is with us. he's with wedge partners. cnbc's jon fortt is here. and today's "power lunch" contributor is jim iuorio. jim, i'm going to start with you, if i could. how do you feel about apple? i'm starting with you really because the rebound in the stock, everybody's talking about it down here. what do you make of that? >> as a company i feel great about apple but i have to push that aside because we're talking about the stock price here. even if we correctly identified why apple was trading lower for the last couple weeks, as strictly a tax thing, that doesn't mean that that reason can't morph into something else. think of it this way. w
in the windy city, where we have the ability to make it difficult for you to get over the river and through the woods to grandmother's house -- if you get there late come he can't blame o'hare now because things are cooking along. ashley: mike tobin, thank you, sir. more now on the fiscal cliff. how automatic spending cuts on january 2, affect defense contractors for. joining us now is charles wald, a retired four-star general. general, thank you for joining us. if nothing is done, we got the fiscal cliff. $35 billion or 10% of the defense budget will be cut. can it handle that kind of back? >> were the things that has been missed is the uncertainty over the last year. in particular, the last six months. but the the budgetary cuts have already started to take place from the standpoint of spending in some cases. number two, the uncertainty is causing in the severe inefficiency and spenddng. it would be better for military had committed three or four year contract. that's not happening. we are already over the fiscal cliff someways in the military. ashley: does this affect our national securi
have another choice. i live in new york city so i have a lot of other choices. dagen: google is working on something. dagen: that was like four years ago. when a private entity does it, we do not have to purchase their product. when a private entity does it, we can tailor what we want. i only want this, i only want this, i do not want that. they fear a class action against them for a violation of your privacy. that is a team of lawyers representing millions of people whose privacy has been violated. if the justice department was doing their job, they fear an indictment from invasion of privacy. dagen: i am so impressed with "homeland." >> they will be setting them off before you ask for them. dagen: at that, i think, people would agree to. if there is enough outrage before the product is even introduce, do you think they will back off the back just the fact that they applied for a patent does not mean they will get it or that they will use the product. we are probably a few years ahead of this game, unless they are farther ahead than they have led us to believe. dagee: for a sliver of a
.1 ounces in new york city. things are going in a very strange direction. does that factor into your thinking? pizza is not thought of as health food. >> you put a bunch of vegetables on it and it can be healthy. there are some menu labelling issues. >> when are you guys going to follow him right in there? if you look at the ties over here, they're disappearing quickly. >> cold pizza has been a staple for a long time. i think that's going to remain our core entrance into the breakfast market. >> yeah. you don't need eggs, either. it's basically bread, chicken and cheese. that doesn't seem like a -- usually i don't eat anything until like 10:30 or something. and one egg. you really shouldn't do that if you're up at 3:30, right? >> if you're up at 3:30, i think you need a meal. highly recommend pizza. >> how come the holiday sess a bigger time for you, patrick? >> you know, as families start to get together, as the weather gets colder, people tend to stay in. they're out shopping or they're just very busy. and they get home, they need something convenient and so we're out hiring somewh
to be sitting down with bill ackman today after his presentation today in new york city. you'll be able to see during the fast money halftime report. >> google agreeing to sell a set top tv boxmaker called motorola home. the price tag is $2.4 billion in cash and stock. era is a georgia based equipment maker and the shares jumped after hours. >> when we return a major winter storm wreaking havoc across the central plains. draco will make holiday travel difficult. an update right after this. and then it's your tools of the trade. oil, gold and more as we get ready for another day on trading on wall street. "squawk" will be back. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer
Search Results 0 to 31 of about 32 (some duplicates have been removed)

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